Honduras: Economic Situation Report - January 2015
The economy registered a growth of 3.9%, mainly due to the performance of the sectors of Insurance and Pension Funds, Agriculture and Manufacturing.
Tuesday, March 31, 2015
From a report by the Central Bank of Honduras:
In January 2015, the national economy, monitored through the Monthly Index of Economic Activity (IMAE) in the original series, recorded annual change of 3.9% (1.8% in the same month in 2014). Also, the cycle trend for IMAE shows an increase of 3.6% (2.5% in January 2014).
This was driven by the economic development of the following activities: Financial Intermediation, Insurance and Pension Funds; Other Services; Agriculture, Forestry and Fisheries; Manufacturing; Post and Telecommunications; Transport and Storage; and Trade. Meanwhile, private construction continues its negative contribution to these results.
The GDP growth projection of 4.5% for 2015 reflects the positive effect of increased investment and the reduction in oil prices.
From a statement issued by the Nicaraguan Foundation for Economic and Social Development (Funides):
The Nicaraguan Foundation for Economic and Social Development (FUNIDES) projects in its first Economic Situation report of the year that in 2015 the economy will grow by 4.5%.
The activities of mining, manufacturing and agriculture account for most of the growth projected by the Central Bank for 2014.
According to the preliminary report from the Bank of Guatemala, the economy will have grown by 4% by the end of 2014, and it is expected that in 2015 growth will be between 3.9% and 4.1%. It is expected that by the end of the year, exports will have increased by 7.7% compared to 2013.
Economic activity grew by 4.3% at the end of the second quarter, with the sectors Agriculture and Private Services achieving the best results.
From the report by the Bank of Guatemala:
In the second quarter of 2014, economic activity measured by estimating real GDP showed a growth of 4.3% (4.7% in the same quarter of the previous year) as a result of the growth recorded by components in demand, among which were private consumption expenditure, recovery of investment in fixed capital and the observed growth in the volume of exports and imports of goods and services.
Analysis: "For the second half of the year, in general, slower growth of economic activity is expected in relation to the first six months of the year."
The Economic Update program run by Ecoanálisis has issued a report entitled ‘Economic Update of Costa Rica, August (2011)’.